Practical Perspectives: Key financial issues for you and your family – Claiming a federal tax deduction for moving costs

Description

Abstract: In this issue’s “Practical Perspectives,” we meet Patti and John. Because of a big job promotion offered by Patti’s employer, the married couple is planning a major cross-country move. Before loading up the truck, however, they sat down with their financial advisor to discuss whether they could claim a federal tax deduction for any of their moving costs.